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IGST Refund to exporters - CBEC directs officers to do it through existing refund route- (Press Information Bureau) (10 Oct 2017)

MANU/PIBU/1247/2017

Indirect Taxation

WITH the GST Council recommending immediate disbursal of refund to exporters the CBEC explored the possibility with the Chief Controller of Accounts but the same expressed its inability on account of its ongoing migration of existing hardware and software infra of PFMS.

In this background, it was suggested that the existing tax refund payment system for refund of IGST on exports may be utilised. In the existing system the concerned departmental officer (Assistant Commissioner/Deputy Commissioner of the Customs Commissionerate) issues a single cheque to the bank along with a list of exporters containing details of their bank accounts, amount of refund. Against the single cheque of consolidated amount of refund, the authorized bank credits the bank account of the exporters mentioned in the list through ECS/NEFT/RTGS. The cheque books for this purpose are provided by the field PAOs to the departmental officers.

The CBEC has directed its officers to use the existing system to make immediate payment of refund of IGST on Exports w.e.f. 10th October 2017 till 14th October 2017. The payment through PFMS portal would be started from 16th October 2017. The cheque books presently being used for refund payments may also be used for refund of IGST on exports by the Departmental Officers. In case of requirement of additional cheque books by the Customs formations, the same may be provided by the concerned PAO.

Tags : IGST   REFUND   EXPORTER  

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